Jacques Rogozinski, general manager of the Inter-American Investment Corporation (IIC), said funds from the CII are available for "any business from a member country which create jobs..", wrote Laprensa.com.ni.
The presidential representative for investments, Alvaro Baltodano, stated that previously, the CII only offered funding for projects over $ 2 million, but now they are making loans starting at $ 100 thousand.
IIC approved a loan to Banco La Hipotecaria of Panamá and La Hipotecaria in El Salvador.
Both entities are subsidiaries of La Hipotecaria (Holding), Inc.
Funds from the loan will be used to stimulate the growth of the mortgage loan portfolio of these companies.
"With this medium-term loan, the Inter-American Investment Corporation (IIC) will support the financing of residential mortgages in El Salvador and Panama, focusing resources on end users of middle and lower middle income in order to help improve access to finance of these large segments of customers," said Marvin Guevara, Investment Officer of the CII.
The Development Bank of Latin America has announced a programs to expand the flow of investment and joint ventures in Latin America - Spain and Portugal.
A statement of the CAF reads:
During the Ibero-American Summit held in Cadiz, Enrique García, CEO of CAF- Development Bank of Latin America - announced the institution’s programs designed to expand the flow of investment between Europe and Latin America as well as from Latin America to Iberia and Europe in general.
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